Key Market Dynamics in Global Aircraft Cabin Lighting Market

1. The Aircraft Cabin Lighting Market is projected to grow from an estimated USD 1.46 billion in 2017 to USD 2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to factors, such as increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to increase efficiency and provide better service to passengers. However, the lack of profitable airlines in emerging economies is expected to restrain the growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=953 Based on end user, the aftermarket segment is projected to account for the larger share of the aircraft cabin lighting market during the forecast period. Based on end user, the aftermarket segment is estimated to account for the largest share of the aircraft cabin lighting market in 2017. The aftermarket phase is one of the crucial phases of the aircraft cabin lighting market, as post-delivery retrofit modification is done by the airlines. All major companies are focusing on aftermarket and Maintenance, Repair and Overhaul (MRO) services for cabin lighting. Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the demand for enhancing passenger experience in commercial aircraft and due to increase in deliveries and order of wide body aircraft by major airlines across the world. North America is estimated to account for the largest share in the aircraft cabin lighting market in 2017. Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems (UK), The Raytheon Company (US), and General Dynamics (US), among others, are based in this region, and thus generate high demand for aircraft cabin lights. North America is projected to lead the aircraft cabin lighting market during the forecast period, in terms of market share.

2. Efficient alternatives to existing interior lights Existing interior lights installed in aircraft have various drawbacks in terms of efficiency, reliability, durability, and weight. The advent of advanced LED lighting has helped eliminate these drawbacks, and the advantages of LED lights over conventional aircraft cabin lights are driving the retrofit market. The replacement of existing aircraft cabin lights with technologically advanced LED lights by airlines are leading to the growth of the aircraft cabin lighting market. New aircraft interior lighting system technology Aircraft and component manufacturers are undertaking efforts to develop new technologies that benefit both, the airlines and passengers, and make air travel more comfortable. For instance, in February 2017, Lufthansa introduced a new aircraft interior lighting technology developed for the Airbus 350-900. This new technology provides the capability of 24 lighting variants for the comfort of passengers, and their functions are based on the biorhythms of passengers on board. Lufthansa has equipped 10 aircraft with this technology and plans to equip its Boeing 747-800s with the same. Key Market Players Major players operating in the aircraft cabin lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung (Germany), Rockwell Collins (US), Astronics (US), STG Aerospace (UK), Luminator Technology (US), and Honeywell (US). Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=953 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: Newsletter@marketsandmarkets.com